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on luxury overseas. up 29%. and cartier is religion out the red carpet to lure chinese shoppers. the king of snake fling has to be buthis one. its store put out a very large snake. >> it's huge and very high and chinese consumers walk in and buy beautiful snake pieces. >> they're rolling out new items, these two bracelets go for more than $200,000 and emeralds and 18-karats of pave diamonds for $9.5 million. a very nice way to say happy new year or as they say in china. >> some say given the experience of a nike in china and kfc, some say they're not brand loyal and others say they love their brands. >> when it comes to luxury it's all about brand and status. they account for over a third of the luxury market. the price is better here and the status having bought something in the united states. >> just the opposite here. >> the snake thing, would you wear that? >> anything worth $9 million, i would wear. >> good ha have you. >> more on power lunch. crazy stuff. >> won't want to miss that. >>> coming up, everything from apple's cash hoords ards, and possible new products and what it means
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